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Ministry identifies 166 entities engaged in tax evasion, fake receipts

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Addis Ababa, October 18, 2019 (FBC) –The Ministry of Revenues (MoR) announced a list of 166 entities engaged in tax evasion and use of fake receipts.

In a press conference issued today, Adanech Abebe, Minister of Revenues, said the entities were identified after a series of inspection carried out in partnership with National Intelligence and Security Service (NISS) and Police.

Off the total entities, 16 were arrested for falsifying records of financial transaction. About 136 entities conducted 6.9 billion birr worth illegal transaction, she said.

The entities, which have no goods to sell or services to offer, were printing receipts by using both fake ID cards and addresses, the Minister noted.

According to Adanech, her Ministry surpassed its first quarter revenue collection target by earning 57.3 billion birr.